A convention with a difference

2016-02-17

KUALA LUMPUR (Feb 12): The Malaysian Annual Real Estate Convention 2016 (Marec ’16), which helps real estate practitioners stay abreast of the property market, is opening its doors to the investing public for the first time.

The Malaysian Institute of Estate Agents (MIEA), the organisers, says this is to enable the public to better understand the actual situation in the property market, especially in difficult economic times.

“The property market statistics from media reports indicate there is [lower transaction] activity and prices are flat. Sentiment is poor, simply because there is anticipation that things are going to get worse,” said MIEA.

“Some of the issues that will be discussed are problems in obtaining financing, easing of rental yields, current demand for development land, and growing interest in joint-venture developments,” it added.

Those considering a career in real estate are also urged to attend Marec ’16 for talks on topics such as developing the necessary mindset to become an effective salesperson and using social media to market property.

Top real estate sales trainer from Singapore, Colin Tan, will be speaking on key psychological and professional attributes to be successful in the real estate profession.

Despite the gloomy outlook  last year, there were a few notable transactions, such as the sale of Tropicana City Mall and office tower to CapitaMalls Malaysia Trust for RM540 million and the sale of DoubleTree by Hilton Kuala Lumpur to the Royal Group for RM388 million.  

Marec’ 16 will be held on March 11 and 12 at Nexus, Bangsar South, Kuala Lumpur. The two day event will be priced at RM1,199 per person and registration is on a first-come-first-served basis as only 350 seats  are allocated.

For more information, contact Ms Nanee at the MIEA Secretariat at (03) 7960 2577 or [email protected]

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